ABN Amro
Citigroup sets up inflation trading team
Citigroup has hired five senior bankers to form a European inflation products team. The team, which is within the European rates trading arm of the bank, will be headed by Sebastien Goldenberg, managing director and head of inflation trading.
ABN Amro and Woori form fixed-income alliance
Dutch bank ABN Amro signed an agreement on June 26 to provide Korean firm Woori Investment & Securities with fixed-income derivatives expertise, including intellectual capital, product capability and IT systems.
ABN Amro creates emerging market ABS role
ABN Amro has appointed Gary Watmore to the newly created position of head of emerging markets asset-backed securitisation (ABS) in London. He moves from the bank’s Hong Kong office, where he was most recently head of Asian ABS.
ABN Amro hires Murray to head European hedge fund sales
ABN Amro has hired Dean Murray in London as European head of hedge fund sales within in its derivatives solutions group. He has already left Bear Stearns, where he helped set up the equity flow sales desk.
ABN Amro names new head of Asian derivatives
ABN Amro has named Muse Kwong as its new head of Asian derivatives.
BPI winds down derivatives positions
Lodi’s Banca Popolare Italiana (BPI) has significantly wound down its derivatives positions and lowered its risk profile since September 2005, when it was in the middle of a failed take-over bid for Banca Antonveneta under previous chief executive…
RBS names new head of Asian futures
Royal Bank of Scotland (RBS) has named Chin Leng Woon as its new head of futures for Asia at its Singapore office.
ABN Amro opens commodity desk in Brazil
ABN Amro has started trading commodity futures in Brazil with the opening of its new sugar desk in Sao Paulo.
IIC launches euro iBoxx ABS index
Frankfurt-based International Index Company (IIC) has launched the iBoxx EUR ABS 50 index, which consists of the 50 largest and most liquid AAA-rated European floating rate asset-backed securities (ABS) and mortgage-backed securities (MBS). Each…
PBOC gives OTC foreign exchange trading go-ahead
The People's Bank of China (PBOC) has opened up the country's spot FX market to over-the-counter trades, and authorised the China Foreign Exchange Trading System (CFETS) to determine the daily central parity rate for the RMB against foreign currencies.
Isda launches Chinese collateral glossary
The International Swaps and Derivatives Association today launched a Mandarin/ English glossary of collateral terms, as it seeks to encourage the use of collateral in credit risk mitigation for the Chinese-speaking world.
Fed fines ABN Amro $80 million
The US Federal Reserve has ordered ABN Amro to pay $80 million in fines for lacking adequate risk management that could identify money laundering activities in its overseas branches. According to the order released on December 19, the Amsterdam-based…
Renaissance lures Becker from ABN Amro
Russian investment bank Renaissance Capital has snared Pier Becker from ABN Amro in Moscow.
China to open futures market to foreign investors
The Chinese government may relax its rules to encourage foreign investors to enter the country's lacklustre futures market, with ABN Amro the first to move.
Amro launches electronic Swiss franc swaps platform
ABN Amro has launched an electronic Swiss franc interest rate swaps trading platform on Bloomberg.
Calyon and ANZ launch Australian credit CPPI notes
Calyon and ANZ have launched what they say are the first credit constant proportion portfolio insurance (CPPI) notes for the Australian market. They are called Credit Sail and offer 100% principal protection.
ABN Amro offers record €22bn securitisation to ease balance sheet
ABN Amro has launched a €22 billion securitisation, made up of mortgage-backed notes and credit default swaps (CDS).
Risk and responsibility
A growing number of banks are producing sustainability reports detailing their environmental and socially responsible initiatives. Is this just slick PR or has sustainability become an important risk management consideration? Clive Davidson investigates
ABN Amro completes first sector property derivatives trade
ABN Amro has completed a property derivatives deal based in part on the Investment Property Databank (IPD) UK retail index, in what it claims is the first to be based on a specific sector of the market.
Calyon and Axa launch ‘Ocean’ credit CPPI notes
Calyon and Axa Investment Managers (IM) are set to join the slew of financial institutions offering 100% principle-protected notes based on a managed portfolio of synthetic credits.
ABN Amro and Axa close Synergie credit note
ABN Amro and Axa Investment Managers (Axa IM) have closed a principal-protected long/short credit note called Synergie, which has been sold to institutional investors in Europe, Asia and the Middle East.
ABN Amro beefs up Asian distribution
ABN Amro plans to build up its Asian marketing effort by adding two staff to its derivatives sales and solutions group (DSSG) in Hong Kong.
ABN Amro reinforces equity derivatives team
ABN Amro has added two senior traders to its equity derivatives team in London, hoping to tap a larger investor market.
MarketAxess launches CDS index trading platform
MarketAxess has launched a multi-dealer credit default swap (CDS) index trading service in London and New York. The New York-based company is targeting end-users to use the service.